$575,000
Newport, OR 97365
MLS# 26-1671
4 baths | 3960 sqft
1 / 1
Property Description
Investment opportunity on corner of Hwy 101 and Hurbert Street. This 4-unit building is zoned C-1 and is highly visible from Hwy 101. Located just a few blocks from the ocean beaches. All four units are currently leased. Located within the City Center Revitalization Zone with upcoming grants available for facades. City parking lot adjacent to the building. High-traffic area. Drive-bys welcome; do not disturb tenants.
Details
Maps
Status Change Information
Status Change Timestamp: 2026-06-17
Address
Within City Limits?: Yes
Street Number: 715
Street Direction Prefix: SW
Street Name: Hurbert
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97365
Directions: Hwy 101 and corner of SW Hurbert
Parcel Number: 111108BD-5400-00
Tax & Legal
CC&R's: No
Currently Not Used
Association YN: No
Building
Year Built Source: Assessor
Accessibility Features YN: No
Number Of Buildings: 1
Year Built: 1979
Stories Total: 1
Lot
Water Body Access YN: No
Accessory Dwelling Unit YN: No
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Construction Materials
Cedar: 1
Foundation Details
Concrete Perimeter: 1
Heating
Ductless: 1
Heat Pump: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Other: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Repairs: 1
Roof Maintenance: 1
Sewer: 1
Taxes: 1
Water: 1
Tenant Pays
Electricity: 1
HVAC Maintenance: 1
Internet: 1
Trash Collection: 1
Existing Lease Type
CPI Adjustment: 1
Location of Property
Central Business District: 1
Sale Includes
Building: 1
Additional Tax and Location Information
Account #: R35640
Highway 101: East Side
Neighborhood Code: N416
Property Tax ID #: R35640
Tax District: 115
Showing Requirements
Call Listing Agent: 1
Restricted Hours: 1
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Retail
Contract
Current Price: $575,000
Status: Active
Begin Date: 2026-06-17
List Price: $575,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Tax Annual Amount: 6613.23
Tax Year: 2025
Zoning: C-1 Commercial
Tax Lot: 5400
Tax Map Number: 111108BD
Interior
Above Grade Finished Area: 3960
Living Area: 3960
Building Area Source: Assessor
Bathrooms Total: 4
Unit Details
Number Of Units Leased: 4
Property Features
Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Construction Materials: Cedar
Existing Lease Type: CPI Adjustment
Foundation Details: Concrete Perimeter
Heating: Ductless; Heat Pump
Levels: One
Listing Terms: Cash; Conventional
Location of Property: Central Business District
Owner Pays: Common Area Maintenance; Exterior Maintenance; Repairs; Roof Maintenance; Sewer; Taxes; Water
Parking Features: Other
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Roof: Membrane
Sale Includes: Building
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Electricity; HVAC Maintenance; Internet; Trash Collection
Water Source: Public
Showing Requirements: Call Listing Agent; Restricted Hours
Listing Office: Martek Real Estate
Office Phone: 541-265-8785
Office Email: office@martekrealestate.com
Last Updated: June - 17 - 2026
Information deemed reliable but not guaranteed.